8 Alder CtBloomingtonIL61704
Nearby investment properties with comparable rents
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Bloomington at 8 Alder Ct, Bloomington, IL, 61704 priced at $317,500 converts $1,363/mo rent into after a $1,554/mo obligation. Total monthly income equals $1,363/mo. Return on cash invested prints 6.84% in year one, and rental yield reads 5.15% against a $317,500 entry. Equity gained on principal adds $2,049/yr, while 5% annual appreciation compiles into $87,719 by year five. Five-year ROI reaches 35.01% and total cumulative return in cash sums $36,850. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,363/mo property income covering a $1,554/mo payment, not borrower’s personal income.
Condo
Built in 2004
2,929 sqft lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61704, Bloomington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,592 (100%) |
| Owner Occupied HU | 10,756 (64.8%) |
| Renter Occupied HU | 4,798 (28.9%) |
| Vacant Housing Units | 1,038 ( 6.3%) |
| Median Home Value | $250,044 |
| Average Home Value | $280,100 |
Housing Distribution
Address Breakdown
Residential
16,334
Single Family
14,445
Multi-Family
1,889
Businesses
1,058
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Listed by: Liliana Taimoorazi • Coldwell Banker Real Estate Group
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12199778
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)